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COINTURK NEWS > Cryptocurrency Law > Gary Gensler Faces Criticism from Cryptocurrency Investors
Cryptocurrency Law

Gary Gensler Faces Criticism from Cryptocurrency Investors

In Brief

  • Cryptocurrency markets initially welcomed Gary Gensler with excitement.

  • Trump plans to remove Gensler if elected, while Harris considers him for Treasury Secretary.

  • Senior Senate officials' statements could disappoint Harris's team regarding crypto regulations.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Cryptocurrency markets welcomed Gary Gensler with great excitement when he took office. He understood the field. Known for his perspective on crypto from his Bitcoin and blockchain courses at MIT, Gensler turned into a monster after taking office. Cryptocurrency investors now hate him.

Gensler and Cryptocurrencies

Trump said he would immediately remove Gensler if elected. Does he have such authority? Of course, he does. Kamala Harris, however, is considering making Gensler the Treasury Secretary despite the backlash from cryptocurrency investors. The good news is that regardless of who wins, Gary will leave the SEC Chair position. However, if Harris wins, he will take a bigger position. This would be disappointing for expectations regarding crypto regulations.

Many senior Senate officials told the Washington Reporter that Vice President Kamala Harris plans to nominate Gensler as Treasury Secretary if she wins in November. This statement from senior officials could be disappointing for Harris’s team, which hinted at a fresh start regarding cryptocurrencies.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 19 August, 2024 - 9:50 pm 19 August, 2024 - 9:50 pm
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